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Jan 24, 2013
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also powering the rally, news that washington lawmakers passed a short term debt ceiling deal. the u.s. house of representatives gave the okay to a republican plan to suspend the debt limit until may 19. democrats in the senate now say they'll pass it too. darren gersh reports. >> reporter: the debt ceiling suspension came with a couple strings attached. if senate democrats don't pass a budget-- something they haven't done for four years-- members of congress won't get paid until they do. >> this bill simply says, "congress, do your job." when i grew up in wisconsin, if you had a job and you did the work, then you got paid. if you didn't do the work, you didn't get paid. it's that simple. >> house democrats called the pay ploy a gimmick and said a 90 day reprieve from default simply moves the crisis back. >> for the last two years, we've heard from our republican colleagues economic uncertainty is bad for the economy. guess what? it is. and yet that's exactly what you are doing. another big dose of economic uncertainty. >> reporter: republicans shifted gears on the debt ceiling
also powering the rally, news that washington lawmakers passed a short term debt ceiling deal. the u.s. house of representatives gave the okay to a republican plan to suspend the debt limit until may 19. democrats in the senate now say they'll pass it too. darren gersh reports. >> reporter: the debt ceiling suspension came with a couple strings attached. if senate democrats don't pass a budget-- something they haven't done for four years-- members of congress won't get paid until they do....
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Jan 24, 2013
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. >>> today the house voted to suspend the debt ceiling passing a bill that business the country another four months before it risks default but there's a catch. the bill is called no budget no pay. both chambers of congress have to pass a budget resolution or they don't get paid. house democrats against the bill call it a political gimmick. those in favor say it takes the threat of default off the table. >>> we are hearing from manti te'o for the first time since the whole fake girlfriend thing got exposed. the notre dame linebacker spoke to katie couric for her nationally syndicated daytime talk show katie. she asked him why he lied about his internet girlfriend after he found out that she never existed. >> this girl who i committed myself to died on september 12th. now i get a phone call on december 6th saying that she's alive and then i want to be put on national tv two days later and they ask me about the same question. you know, what would you do? >> the katie exclusive will air tomorrow. >>> san francisco congresswoman nancy pelosi says picking out her favorite team for the super
. >>> today the house voted to suspend the debt ceiling passing a bill that business the country another four months before it risks default but there's a catch. the bill is called no budget no pay. both chambers of congress have to pass a budget resolution or they don't get paid. house democrats against the bill call it a political gimmick. those in favor say it takes the threat of default off the table. >>> we are hearing from manti te'o for the first time since the whole...
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Jan 24, 2013
01/13
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the "a-team" is next. ♪ ♪ lou: the house passing a three month extension of the debt ceiling. favorable reviews from both the president and the senate leaders. the "a-team" on a suddenly cooperative government or at least an episode of cooperation. we will be taking that up with the next. stocks moving higher. good earnings from ibm come mcdonald's, with the dow and s&p climbing to new five-year highs. ibm accounting for 66 of the dow's 67 points a game today. the s&p up, the nasdaq ten and a half. ten and a half billion shares traded. after the closing bell, apple disappointed. hitting earnings targets, but believe it or not missing revenue expectations with a record fourth quarter revenue. the stock trading well below $500 per share in after hours. netflix giving its shareholders reason to cheer. expected to report a loss of $0.13 per share. instead, it reported a profit of $0.13 per share, and the stock up more than 30% right now and after hours trading. the national transportation safety board says testing shows damage to the lithium ion batteries on boeing 787. the ntsb s
the "a-team" is next. ♪ ♪ lou: the house passing a three month extension of the debt ceiling. favorable reviews from both the president and the senate leaders. the "a-team" on a suddenly cooperative government or at least an episode of cooperation. we will be taking that up with the next. stocks moving higher. good earnings from ibm come mcdonald's, with the dow and s&p climbing to new five-year highs. ibm accounting for 66 of the dow's 67 points a game today. the...
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Jan 24, 2013
01/13
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congress living up to its reputation today passing a debt ceiling bill that takes the proverbial cain than the proverbial rug. the political panel weighs in next. ♪ >> from our fox business studios in new york, here again is gerri willis. gerri: i hate to say it, the debt limit, we're talking about that. the debt limit is on its way to getting punted until the spring, the house approving a four month debt ceiling extension. senate majority leader harry reid saying the senate will pass the house bill quickly. with more, a columnist for the national review and columnist for the new york post. i have my dreams team here to talk about this. i want to start with you because you're sitting right across from me. they are just taking the stand down the road. i mean, look, at the end of the day we are talking about waiting until may. >> i think we will be talking about this for most of the year because obviously there is a huge gulf between the president and the house. the house would like to not raise the debt ceiling at all. as they're preference, at least the majority of them. but they ca
congress living up to its reputation today passing a debt ceiling bill that takes the proverbial cain than the proverbial rug. the political panel weighs in next. ♪ >> from our fox business studios in new york, here again is gerri willis. gerri: i hate to say it, the debt limit, we're talking about that. the debt limit is on its way to getting punted until the spring, the house approving a four month debt ceiling extension. senate majority leader harry reid saying the senate will pass...
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Jan 24, 2013
01/13
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that was house speaker john boehner after the house passed a bill making the debt ceiling disappear until may 18th, without cutting any federal spending. the stupidly named and conceived "no budget, no pay act" passed with a vote. 33 republicans voted against the bill, 199 voted for it. 86 democrats voted for the bill, 111 democrats voted against it. not only will the no budget, no pay act suspend the debt ceiling for about three months, it also requires the house and senate to pass budget resolutions by april 15th, and if they don't, representatives and senators will not get paid, which is of course, wildly unconstitutional. the 27th amendment prohibits congress from modifying their own paychecks in any way. they can vote to change the pay for future congress only, but republicans passing an unconstitutional bill, while at the same time relieving the pressure on the debt ceiling was welcomed by some democrats as republicans moving from out-right crazy to half-crazy. >> i'm not sure what happened at the house republican retreat last week, but it sure had a mellowing effect on their member
that was house speaker john boehner after the house passed a bill making the debt ceiling disappear until may 18th, without cutting any federal spending. the stupidly named and conceived "no budget, no pay act" passed with a vote. 33 republicans voted against the bill, 199 voted for it. 86 democrats voted for the bill, 111 democrats voted against it. not only will the no budget, no pay act suspend the debt ceiling for about three months, it also requires the house and senate to pass...
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Jan 24, 2013
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the house will not consider another debt ceiling increase unless the senate passes a budget the reader not going to keep raising the debt ceiling at indicating that there will be steep cuts said. what is the chance of that? >> well, i hope the is right, but i fear he is wrong. i think that the current mood of the country is more sympathetic to the president and the democrats' perspective, which is that we don't really have a serious spending problem. we have a minor spending problem we can do with a little bit. we can raise taxes on high-income households a little bit more and we don't have to make fundamental cuts in entitlements. i think that's wrong. i think we have to make substantial cuts in entitlements. we should make substantial cuts in many other components of expenditure as well, defense and nondefense in that trying to address our long term fiscal situation with higher taxes is is going to destroy the economy. gerri: democrats are beating the drum on this already. anyone you listen to from that side of the house is really talking about higher taxes. republicans and conservat
the house will not consider another debt ceiling increase unless the senate passes a budget the reader not going to keep raising the debt ceiling at indicating that there will be steep cuts said. what is the chance of that? >> well, i hope the is right, but i fear he is wrong. i think that the current mood of the country is more sympathetic to the president and the democrats' perspective, which is that we don't really have a serious spending problem. we have a minor spending problem we...
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Jan 24, 2013
01/13
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in this half hour the house passes a bill to suspend the debt ceiling but the spending sequester cuts are still set to kick in on march 1st and i hope they do. now house speaker john boehner says president obama is out to annihilate the republican party. we'll talk about all that with new hampshire senator kelly ayotte and our political panel in just a few moments. >> also, big time golfers phil mickelson, tiger woods, lebron james and derek jeter are all supply siders. we'll explain that later this hour. >> i wasn't involved in the talking points process. as i understand it, as i've been told, it was a typical interagency process where staff, including from the state department all participated to try to come up with whatever was going to be made publicly available. >> that of course was secretary of state clinton today on capitol hill saying she had no role in susan rice's false talking points on the benghazi consulate attack. but will we ever find out why ambassador rice denied the terrorist attack and misled the public saying this on "meet the press." >> what happened in benghazi
in this half hour the house passes a bill to suspend the debt ceiling but the spending sequester cuts are still set to kick in on march 1st and i hope they do. now house speaker john boehner says president obama is out to annihilate the republican party. we'll talk about all that with new hampshire senator kelly ayotte and our political panel in just a few moments. >> also, big time golfers phil mickelson, tiger woods, lebron james and derek jeter are all supply siders. we'll explain that...
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Jan 24, 2013
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yesterday's extension of the debt ceiling now goes to the senate which will likely pass it as well. we'll be right back. (vo) current's award winning original series is back with an all new episode straight from the headlines. (vo) in the minefield of the nation's gun control debate, this could be the most polarizing issue. >> anybody can claim stand your ground and they could get away with murder. >> announcer: broadcasting across the nation on your radio and current tv, this is the "bill press show." >> bill: yes indeed. equality moves to the front lines as the pentagon today lifts the ban on women in combat. big move. a great move. hello, everybody. happy, happy thursday and welcome, welcome to the "full court press." coming to you live all the way across this great land of ours. god bless america. we're booming out to you on your local progressive talk radio station. how lucky you are if you've got one. treasury -- treasure it. support it. this hour only on exirious. all three hours on current tv. good to have you with us. you can actually become a partner in the program. expres
yesterday's extension of the debt ceiling now goes to the senate which will likely pass it as well. we'll be right back. (vo) current's award winning original series is back with an all new episode straight from the headlines. (vo) in the minefield of the nation's gun control debate, this could be the most polarizing issue. >> anybody can claim stand your ground and they could get away with murder. >> announcer: broadcasting across the nation on your radio and current tv, this is...
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Jan 24, 2013
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house of representatives have agreed to raise the debt ceiling until may 18th. the bill will prevent the government from defaulting on its debt. the bill passed the house on wednesday after the republican majority changed its stance. republicans said they would not approve the bill unless the government made more cuts to social programs. republicans had public criticism that they were not consider the markets on a financial default. john boehner said to show the american people that it would move to balance the budget. >> they understand you can't continue to spend money that you don't have. we're committed to doing a budget on the house side. a budget that will balance over the next ten years. it's time for the senate and the president to show the american people how they're willing to balance a budget over the next ten years. >> the bill now goes to the senate where it's expected to pass and be approved by the white house. republicans will continue to push the government to review social security spending. the bill urges congress to compile an outline of the 2
house of representatives have agreed to raise the debt ceiling until may 18th. the bill will prevent the government from defaulting on its debt. the bill passed the house on wednesday after the republican majority changed its stance. republicans said they would not approve the bill unless the government made more cuts to social programs. republicans had public criticism that they were not consider the markets on a financial default. john boehner said to show the american people that it would...
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Jan 24, 2013
01/13
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by a vote of 285-144 today the house passed a bill raising the debt ceiling until may. but due to a provision that would withhold congressional pay if a budget isn't approved this year. 111 democrats voted against raiding the debt ceiling calling that provision a gimmick. however, it goes well beyond the house. today senator dick durbin revealed the democrats don't have the 51 votes necessary to reinstitute the talking filibuster even through the so-called nuclear option, even though everyone seems to want it. the last hope in filibuster reform is harry reid's great compromise of needing 41 votes to maintain a filibuster but i'm confident that the democrats will find some way to back down from that, too. joining me now the only one and only michael tomasky. starting with the debt ceiling. 111 democrats voted against raising the debt ceiling. was this all about the no budget no pay provision are the democrats trying to stick it to the g.o.p. >> i think the latter and i think the more constitutionalists among them assuming that they are there that the amendment mattered m
by a vote of 285-144 today the house passed a bill raising the debt ceiling until may. but due to a provision that would withhold congressional pay if a budget isn't approved this year. 111 democrats voted against raiding the debt ceiling calling that provision a gimmick. however, it goes well beyond the house. today senator dick durbin revealed the democrats don't have the 51 votes necessary to reinstitute the talking filibuster even through the so-called nuclear option, even though everyone...
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Jan 24, 2013
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the debt ceiling is the limit on how much the feds can borrow. republican leaders were refusing to raise it without an equal amount of spending cuts. but the bill they just passed has a new ultimatum for the house and the senate. no budget, no pay. carl cameron in the d.c. newsroom tonight. how is this supposed to break the gridlock? >> hey, shep. it's basically a two-part deal. the first says by april 15th, both the house and the senate each have to pass a budget that balances in 10 years. should either chamber fail then its members paychecks can't be delayed. they can't stop it constitutionally they have to get paid. the other part suspends enforcement of the federal debt limit until may 19th, at which point it will increase retroactively without any offset in spending cuts. here is how speaker john boehner summed it up today. >> you know, the premise here is pretty simple. it says that there should be no long-term increase in the debt limit until there is a long-term plan to deal with the fiscal crisis that faces our country. >> and now the de
the debt ceiling is the limit on how much the feds can borrow. republican leaders were refusing to raise it without an equal amount of spending cuts. but the bill they just passed has a new ultimatum for the house and the senate. no budget, no pay. carl cameron in the d.c. newsroom tonight. how is this supposed to break the gridlock? >> hey, shep. it's basically a two-part deal. the first says by april 15th, both the house and the senate each have to pass a budget that balances in 10...
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Jan 24, 2013
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legislators passed a bill to extend the debt ceiling. we are seeing dollar/yen at 89.61. market players say news of north korea's possible nuclear testing also fueled geo political concerns. the euro is strong at 119.46. >>> the japanese government has finalized a guideline for compiling next year's budget. it is designed to keep new bond issues to a minute mum. members of the cabinet and the council of economic and fiscal policy approved the plan. the proposal for the fiscal year that starts in april includes the government's latest economic stimulus. priority is put on cutting wasteful spending and also requires the budget to focus on two key areas, that's reconstruction work from the 2011 disaster and sectors with sustainable or promising growth. now the guidelines urge a 50% reduction in the primary balance deficit by fiscal 2015. that's aimed at clearing a milestone towards counter fiscal health. the governor will decide its draft budget on tuesday next week. >>> japan's ruling coalition parties have been talking about tax as the basis for the new budget. they have a
legislators passed a bill to extend the debt ceiling. we are seeing dollar/yen at 89.61. market players say news of north korea's possible nuclear testing also fueled geo political concerns. the euro is strong at 119.46. >>> the japanese government has finalized a guideline for compiling next year's budget. it is designed to keep new bond issues to a minute mum. members of the cabinet and the council of economic and fiscal policy approved the plan. the proposal for the fiscal year that...
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Jan 24, 2013
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allison. >> tony, also on capitol hill, the house passed a debt ceiling bill by a vote of 285 to 144 to let the government keep borrowing money. the bill withholds the pay of any law maker in the senate or the house if they don't vote by april 15th. the vote clears the way until the next budget battle in march. >>> it is still unclear whether a student at the university of virginia will be charged for a hoax. the campus was put on lock down around 9:00 last night when a student called to report a man with a gun. police saefrped the campus building by building. the student who made the call confessed he made the story up while being interviewed by officers. the lock down was lifted about two hours later. >> now to a fox 5 follow up on a deadly house fire in falls church virginia we told you about yesterday morning. the home on manner road went up in flames at 3:30 wednesday morning. fire investigators and gas employees were on the scene most of the day. they still don't know what sparked the fire. neighbors say the two people killed were a mother and daughter. and they say they were b
allison. >> tony, also on capitol hill, the house passed a debt ceiling bill by a vote of 285 to 144 to let the government keep borrowing money. the bill withholds the pay of any law maker in the senate or the house if they don't vote by april 15th. the vote clears the way until the next budget battle in march. >>> it is still unclear whether a student at the university of virginia will be charged for a hoax. the campus was put on lock down around 9:00 last night when a student...
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Jan 24, 2013
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. >>> well also on capitol hill, the debt debate -- debt ceiling crisis rather appears to have been averted, at least for now. a bill suspending the debt limit is headed to the senate. the house passed the measure yesterday. it allows the treasury to exceed its borrowing limit through may 18th and the president says he'll sign the legislation. >>> secretary of state hillary clinton returns to capitol hill today. she'll introduce senator john kerry tapped to take her place at his confirmation hearing. yesterday clinton spent more than 5 1/2 hours testifying before congress about the siege of the u.s. consulate in libya. she faced tough aggressive questions about the attacks which left four americans dead. margaret brennan reports. >> as i have said many times, i take responsibility. >> reporter: in her opening statement, the usually reserved hillary clinton said that for her the benghazi tragedy is personal. >> i stood next to president obama as the marines carried those flag draped caskets off the plane at andrews. i put my arms around the mothers and fathers, sisters and brothers, sons and
. >>> well also on capitol hill, the debt debate -- debt ceiling crisis rather appears to have been averted, at least for now. a bill suspending the debt limit is headed to the senate. the house passed the measure yesterday. it allows the treasury to exceed its borrowing limit through may 18th and the president says he'll sign the legislation. >>> secretary of state hillary clinton returns to capitol hill today. she'll introduce senator john kerry tapped to take her place at...
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Jan 24, 2013
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. >>> the house has passed a bill that would prevent the united states from hitting the debt ceiling. at least right away. it's dubbed the no budget no pay act. it was proposed by republicans and it lets the treasury department borrow money until mid-may, as long as congress passes a budget by april 15th. if lawmakers don't come up with a blueprint for the budget, the measure states their pay will be withheld. constitution doesn't allow the no pay thing to really happen, so that is a pr stunt. any way, that's why the act passed. 33 republicans, 111 democrats voted against it. one dem who did, congresswoman debbie wasserman schultz and she tells us the bill wasn't a clean debt ceiling increase and only prolongs economic uncertainty. it only extents it for a few months so she's right about that. >>> in the last 48 hours or so, u.s. cargo planes made at least five trips into mali transporting about 80 french troops and more than 124 tons of supplies. a spokesman for the u.s./africa command tells us the airlifts began monday, are going to go on for several more days. i couldn't help but n
. >>> the house has passed a bill that would prevent the united states from hitting the debt ceiling. at least right away. it's dubbed the no budget no pay act. it was proposed by republicans and it lets the treasury department borrow money until mid-may, as long as congress passes a budget by april 15th. if lawmakers don't come up with a blueprint for the budget, the measure states their pay will be withheld. constitution doesn't allow the no pay thing to really happen, so that is a...
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Jan 24, 2013
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ceiling deadline to may, at least. while it doesn't solve it entirely, if the senate passes it, and the president signs it as expected, it will put off for now the threat of another political meltdown like the one that led to the downgrade of the u.s. credit rating back in 2011. >>> now we go outside, which depending on where you live, might take some steeling of yourself, given the air that has descended on a lot of our country. take, for example, nbc's kevin tibbles out in the cold tonight in chicago. kevin, good evening. >> reporter: hey, why not? well, it will take a couple more frigid days to freeze the chicago river, but tonight temperatures here in chicago, new york and elsewhere are colder than they are in juneau, alaska. [ sirens ] at one point, some 200 chicago firefighters battled a massive extra alarm warehouse fire in temperatures hovering just above zero. pouring on the water throughout the day, struggling with frozen hydrants and icy ladders. >> the stress on us, i mean, we're firefighters and we're used
ceiling deadline to may, at least. while it doesn't solve it entirely, if the senate passes it, and the president signs it as expected, it will put off for now the threat of another political meltdown like the one that led to the downgrade of the u.s. credit rating back in 2011. >>> now we go outside, which depending on where you live, might take some steeling of yourself, given the air that has descended on a lot of our country. take, for example, nbc's kevin tibbles out in the cold...
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Jan 24, 2013
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the republican controlled house has passed a measure to lift the debt ceiling until may, avoiding another new showdown with president obama for a least a few months. the move would temporarily suspend the federal government's $16.4 trillion borrowing limit until may 18 without the dollar for dollar spending cuts that republicans have demanded. in a bid to pressure the senate, the legislation calls for withholding the salaries of lawmakers if one of the chambers of congress fails to pass a budget blueprint by mid april. the senate is expected to approve the measure this week. the u.s. appears to be escalating its drone war in yemen with yet another deadly attack. at least six people were killed in northern yemen on wednesday in the fifth u.s. strike in as many days. the drone reportedly hit a moving vehicle, burning the corpses beyond recognition. recent u.s. drone attacks in yemen have killed at least 20 people and sparked protests from residents claiming a loss of civilian life. a suicide bombing in northern iraq has killed least 35 people and wounded more than 75 others. the attack stru
the republican controlled house has passed a measure to lift the debt ceiling until may, avoiding another new showdown with president obama for a least a few months. the move would temporarily suspend the federal government's $16.4 trillion borrowing limit until may 18 without the dollar for dollar spending cuts that republicans have demanded. in a bid to pressure the senate, the legislation calls for withholding the salaries of lawmakers if one of the chambers of congress fails to pass a...
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. >>> the house has passed a bill that would prevent the united states from hitting the debt ceiling. at least right away. it's dubbed the no budget no pay act. it was proposed by republicans and it lets the treasury department borrow money until mid may as long as congress passes a budget. the measure states their pay will be with held. constitution doesn't allow the no pay thing to really happen, any way, that's why the act passed. 33 republicans, 11 democrats voted against it. one who did, congresswoman debbie wasserman schultz and she tells us it wasn't a clean increase. she's right about that. >>> in the last 48 hours or so, u.s. cargo planes, transporting about 80 troops and 24 tons of supplies. a spokesman for the u.s. africa command tells us the air lifts began monday are going to go on for several more days. our country's -- and whether we should have a role is becoming more of a concern. i couldn't help but notice this on yahoo! today, asking you, should the united states intervene in mali? a majority of people say no. >>> the faa still hasn't determined what's causing elect
. >>> the house has passed a bill that would prevent the united states from hitting the debt ceiling. at least right away. it's dubbed the no budget no pay act. it was proposed by republicans and it lets the treasury department borrow money until mid may as long as congress passes a budget. the measure states their pay will be with held. constitution doesn't allow the no pay thing to really happen, any way, that's why the act passed. 33 republicans, 11 democrats voted against it. one...
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. >>> the republican house the bill temporarily raises the debt ceiling until may. law americas won't get paid if they fail to pass a budget. >> american families have to do a budget. they understand you can't continue to spend money you don't have. we are committed to doing a budget on the house side that will balance over the neck ten years as time for the senate and president to show the american people how they are willing to balance a budget ore the next ten years. >> the democratic controlled senate is expect to do approve the debt bill. it has not pass add budget in four years. >> phil mickelson wasn't talking about his guolf game. he was teeing off over another apology about his tax comments. >> i have made some dumb, dumb mistakes and obviously talking about this stuff is one of them. my apology is for talking about it publicly. i shouldn't take advantage of the forum that i have as a professional golfer to try to ignite change. >> mickelson hinted earlier this week he may leave california or the united states because of how much he's paying in taxes. calif
. >>> the republican house the bill temporarily raises the debt ceiling until may. law americas won't get paid if they fail to pass a budget. >> american families have to do a budget. they understand you can't continue to spend money you don't have. we are committed to doing a budget on the house side that will balance over the neck ten years as time for the senate and president to show the american people how they are willing to balance a budget ore the next ten years. >>...
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yeah, today, the house passed a bill to raise the debt ceiling, but they want to have us hit it again in a few months. they raised the debt ceiling for a few months, instead of just do this once for the year or for two years or in some more permanent way to avoid the self-inflicted economic wound they voted today that we should do this always, every few months, because remember, yeah, obama is a big spender. democrats are going along with it, slowly, but this is what republicans want to be the new normal. whether or not you think there is constitutional support for trying to take this decision out of the hands with congress, what just happened today was the reason why people want to take this particular decision out of the hands of this congress. for decades, congress was capable of handling this decision. apparently that is not the case anymore. ay be easy, but when you wake up in the middle of the night it can be frustrating. it's hard to turn off and go back to sleep. intermezzo is the first and only prescription sleep aid approved for use as needed in the middle of the night when
yeah, today, the house passed a bill to raise the debt ceiling, but they want to have us hit it again in a few months. they raised the debt ceiling for a few months, instead of just do this once for the year or for two years or in some more permanent way to avoid the self-inflicted economic wound they voted today that we should do this always, every few months, because remember, yeah, obama is a big spender. democrats are going along with it, slowly, but this is what republicans want to be the...
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Jan 24, 2013
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., a potential crisis over the debt ceiling. looks like it will be averted, at least until the spring. the republican-controlled house passed a bill allowing the government to avoid default and continue borrowing money and paying its bills until may. it also requires lawmakers in both chambers to pass a budget if they actually want to keep getting paid their salary. with the senate set to sign on house speaker john boehner credited the bill for forcing the democrats' hand. >> after four years i'm glad the senate has finally decided to act. because there is no indication that we're going to do a budget until we announced last week that we were going to move this bill that said pass a budget or no pay. >> paul ryan wears that orange tie a lot. boehner wears that green tie quite a bit. the democrat-controlled senate has not produced a detailed budget in 1,366 days. yesterday democratic leaders said the measure is actually a victory for the president. >> i'm not sure what happened at the house republican retreat last week, but it su
., a potential crisis over the debt ceiling. looks like it will be averted, at least until the spring. the republican-controlled house passed a bill allowing the government to avoid default and continue borrowing money and paying its bills until may. it also requires lawmakers in both chambers to pass a budget if they actually want to keep getting paid their salary. with the senate set to sign on house speaker john boehner credited the bill for forcing the democrats' hand. >> after four...
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Jan 24, 2013
01/13
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the house passed a bill to suspend the debt ceiling for four months until may 19th, avoiding a showdown over the federal borrowing limit. backing off a demand for dollar-for-dollar spending cuts. house republicans, instead, added a no-budget, no-pay provision to the bill, which would withhold lawmakers' paychecks if they failed to pass a budget and attempt to embarrass the senate and refocus the fight there instead of on the president. >> breaching the debt limit, which some of our members have been pretty anxious to do. that's playing with fire. and no one really knows what will happen, but i'm not quite sure i want to look over the evening of the cliff. >> boehner also promised the new house republican budget will balance in ten years. the guy leading that charge, paul ryan, broke his silence yesterday about the 2012 election. >> the only regret i have is we lost. i think it's closer than you think. the big debate that reinvolvolv, you know, they really did a phenomenal job on technology and turnout. and they should get credit for that. i don't see this as a rejection of our principle
the house passed a bill to suspend the debt ceiling for four months until may 19th, avoiding a showdown over the federal borrowing limit. backing off a demand for dollar-for-dollar spending cuts. house republicans, instead, added a no-budget, no-pay provision to the bill, which would withhold lawmakers' paychecks if they failed to pass a budget and attempt to embarrass the senate and refocus the fight there instead of on the president. >> breaching the debt limit, which some of our...
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Jan 24, 2013
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. >> today the senate passed a bill that extends the debt ceiling, allowing the surgery department to borrow more money. it also requires congress to pass a budget and will withhold numbers pay intel they do so. harry reid says that he seeks to pass the bill in the senate. here's part of the debate of the bill. mr. speaker, i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. camp: thank you, mr. speaker. i rise today in strong support of h.r. 325, the no budget, no pay act of 2013. this legislation directs members of the house and senate to adopt a budget resolution by april 15, 2013. if either body does not -- the speaker pro tempore: this house is not in order. please remove all conversations. the gentleman is recognized. mr. camp: thank you, mr. speaker. either body does not adopt a budget resolution by april 15, 2013, members ofhat body will have their pay withheld until they pass a budget. it's simple. no budget, no pay. the american people understand that they don't get paid if they don't do their job, and neither should members o
. >> today the senate passed a bill that extends the debt ceiling, allowing the surgery department to borrow more money. it also requires congress to pass a budget and will withhold numbers pay intel they do so. harry reid says that he seeks to pass the bill in the senate. here's part of the debate of the bill. mr. speaker, i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. camp: thank you, mr. speaker. i rise today in strong support of...
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Jan 24, 2013
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the debt ceiling crisis -- at least for now. it gives the government enough borrowing authority to last for at least four months. that move would prevent a first-ever default. the senate's democratic leader and the white house say they'll go along with the extension. it also contains a provision that withholds pay for house or senate members if the chamber in which they serve fails to pass a budget plan. that's a slap at the senate -- which hasn't debated a since 2009. >> pam: developing news at this hour. notre dame linebacker manti teo has admitted he lied about his supposed girlfriend. but says he didn't lie from the very beginning. kron 4's dan kerman is here to sort it all out. >> reporter: like many scandals it comes down to what did he know and when did he know it. and then what did he do about it. it turns out that in december, the all american did find out something was amiss. and continued to stick with the lie. as you've heard, teo supposedly had a serious relationship with a woman online and over the phone. and then
the debt ceiling crisis -- at least for now. it gives the government enough borrowing authority to last for at least four months. that move would prevent a first-ever default. the senate's democratic leader and the white house say they'll go along with the extension. it also contains a provision that withholds pay for house or senate members if the chamber in which they serve fails to pass a budget plan. that's a slap at the senate -- which hasn't debated a since 2009. >> pam: developing...
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Jan 24, 2013
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the president says he wants the debt ceiling increase. hopefully the majority has decided to pass a budget. the new budget chairman, senator murray, said yesterday that her committee will draft a budget. now let's let the senate produce a budget. let's have a budget drawn up. let's have a budget debated. let's figure out what our plans are. budgets lay out plans and we'll see if a budget that a majority in the senate would vote for will pass the straight-face test with the american people. we'll see if this is just another budget that says, okay, here's the amount of money we'd like to spend. it has no relationship to the amount of money we have. let's let that be our budget. the people -- people will no longer tolerate, i'm convinced, the amount of debt and taxes that the spending plan would require. but for them to really think about that, they have to have a spending plan, and i am grateful that the house passed legislation that says we have to have that -- that plan. when the majority in the senate, democrats in the senate have a budg
the president says he wants the debt ceiling increase. hopefully the majority has decided to pass a budget. the new budget chairman, senator murray, said yesterday that her committee will draft a budget. now let's let the senate produce a budget. let's have a budget drawn up. let's have a budget debated. let's figure out what our plans are. budgets lay out plans and we'll see if a budget that a majority in the senate would vote for will pass the straight-face test with the american people....
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Jan 24, 2013
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ceiling through may's 18th. the bill will prevent the u.s. from going into default. senate majority leader harry reid says that it will also pass the bill. president obama is expected to sign on tuesday when it reaches his desk. >> today the board of trustees will meet to discuss ways to save sampras's goes city college. the school is on the brink of shutting down. that is because the accreditation commission found numerous violations with the college structures and finances. census that met yesterday to talk about the issue the members of the community are anxious about what could happen next. >> if there is a real need to have to be able to show a perception that we are unified and that we really want to save our college. it is not a good option for us to be absorbed by another district. we need to maintain control of our college and awaited do that is with jewels solidarity. >> and the school which serves about 85,000 students has until march to turn itself around. >> we have a water break in greenbrae and it
ceiling through may's 18th. the bill will prevent the u.s. from going into default. senate majority leader harry reid says that it will also pass the bill. president obama is expected to sign on tuesday when it reaches his desk. >> today the board of trustees will meet to discuss ways to save sampras's goes city college. the school is on the brink of shutting down. that is because the accreditation commission found numerous violations with the college structures and finances. census that...
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Jan 24, 2013
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. >> as you know, yesterday lawmakers passed this bill to extend the debt limit. it's a temporary fix. to what extent s this dangerous for the economy? >> it's very dangerous. if you bump not national debt ceiling even if as critics say the secretary of the treasury can prioritize payments and make the payments on the national debt, the government's going to be a deadbeat on something. it's bills to contractors, its salary obligations, something will happen and at least we've got that off the table for a few months. >> washington does this all the time. they have these short-term fixes. how do you feel about thoughs? >> it's better than nothing. what is the alternative, a government shutdown as we may be facing at the end of march. so if they keep doing these short-term fixes, at least we're not having a calamity. the problem, of course, is the longer you delay a lot of these things, the harder it gets. >> so put politic as side, what is the solution to this budget and debt cries snis. >> well, you remember bill clinton at the convention said arithmetic. it comes
. >> as you know, yesterday lawmakers passed this bill to extend the debt limit. it's a temporary fix. to what extent s this dangerous for the economy? >> it's very dangerous. if you bump not national debt ceiling even if as critics say the secretary of the treasury can prioritize payments and make the payments on the national debt, the government's going to be a deadbeat on something. it's bills to contractors, its salary obligations, something will happen and at least we've got...
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we want to remind you, in case you missed it, the house passed a bill yesterday suspending the debt ceiling. here is a baltimore sun piece. also on page 6 of "the baltimore sun" is a picture of john boehner and says -- they show the speaker in a photo saying it would cut the deficit twice as fast as other plants. the speaker is also out there making a speech to the society. the headline basically says this -- his focus is basically to annihilate the republican party. here's a look at you to but. [video clip] >> from what we heard yesterday, it is pretty clear to me -- it should be clear to all you he knows he cannot do any of that as long as the house is controlled by republicans. we are expecting over the next 22 months to be the focus of this administration as they attempt to annihilate the republican party. i do believe that is their goal. and just to shut us into the dustbin of history. host: these were remarks to the ripon society. they go on to write to that the transcripts or accurate, and noted that the speaker regularly attends the event. perhaps we will hear more about this in the
we want to remind you, in case you missed it, the house passed a bill yesterday suspending the debt ceiling. here is a baltimore sun piece. also on page 6 of "the baltimore sun" is a picture of john boehner and says -- they show the speaker in a photo saying it would cut the deficit twice as fast as other plants. the speaker is also out there making a speech to the society. the headline basically says this -- his focus is basically to annihilate the republican party. here's a look at...
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Jan 24, 2013
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debt ceiling deadline extended. now the question remains can congress get a balanced budget passed? ed lazear, hoover institute fellow and former chief economic advisor to president george w. bush has some ideas on what washington needs to do before the new debt deadline is upon us. ed, thank you for joining us. so what -- >> pleasure, thank you. ashley: what should congress do before that debt ceiling again comes upon us and what's the likelihood they will do it? >> well i'm not so sure they should be focusing on the short run at all. they should think in terms of what are things they need to do to grow the economy. if you look at the history of economic growth since the economy got out of the recession, formally got out of the recession back in june of 2009, we've had growth of about 2%. the long-term growth rate in this country is about 3%. so, a recovery usually means that you're growing at rates that are better than the average, in order to catch up. we're not even growing at rates near the average. ashley: right. >> what congress and the president need to do is focus primarily
debt ceiling deadline extended. now the question remains can congress get a balanced budget passed? ed lazear, hoover institute fellow and former chief economic advisor to president george w. bush has some ideas on what washington needs to do before the new debt deadline is upon us. ed, thank you for joining us. so what -- >> pleasure, thank you. ashley: what should congress do before that debt ceiling again comes upon us and what's the likelihood they will do it? >> well i'm not so...
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the treasury has warned the country could default on some loan as early as next month if the debt ceiling isn't lifted. the white house supports the measure. opponents say it just prolong uncertainty about the economy's health. >>> and the senate may decide today on a deal to curb the number of filibusters. aides say lawmakers are kploes to a compromise to limit the delays which minority partying use to kill legislation. democrats complain that republicans overuse filibusters to block their legislation. republicans say the tactic is the only leverage they have to get roll call votes on amendments that would otherwise be shots down by democrats. >>> 4:08 the time. 23 degrees. coming up on "news4 today," how vice president joe biden is using the web site google today to make a push for tighter gun control. >>> the legal trouble mounting for lance armstrong since he confessed to using performance enhancing drugs. >>> we're tracking winter weather this morning. we'll have snow across the region. tom kierein is back with your weather and traffic. >>> somebody forgot to shut off the water. chec
the treasury has warned the country could default on some loan as early as next month if the debt ceiling isn't lifted. the white house supports the measure. opponents say it just prolong uncertainty about the economy's health. >>> and the senate may decide today on a deal to curb the number of filibusters. aides say lawmakers are kploes to a compromise to limit the delays which minority partying use to kill legislation. democrats complain that republicans overuse filibusters to block...
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Jan 24, 2013
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and it give, i think, some certainty on this specific question of the debt ceiling and the question of default, because we know from 2011, the adverse impact 2,000 points in the -- that the dow lost. we know the consumer confidence took a six-month hit because of the debt ceiling fight. so, to take that off the table as a big washington fight helps a lot, i think. >> certainly, the markets, a lot of people pointing to one reason, you have had a pretty nice string of gains here that debate, at least the deadline pushed back a bit. where does the conversation now begin when it comes to real reform? who instigate it is and how constructive do you think it's going to be? >> i think we can build upon some of the previous efforts. we had an agreement in 2011 which allowed us to reduce spending and we can do that again. at the end to of this year so the called fiscal cliff deal i think was further evidence when you get 89 united states senators voting for that end of the year agree respect, the deal was perfect and had all kinds of frustrations associated with it, but we have to keep building
and it give, i think, some certainty on this specific question of the debt ceiling and the question of default, because we know from 2011, the adverse impact 2,000 points in the -- that the dow lost. we know the consumer confidence took a six-month hit because of the debt ceiling fight. so, to take that off the table as a big washington fight helps a lot, i think. >> certainly, the markets, a lot of people pointing to one reason, you have had a pretty nice string of gains here that...
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Jan 24, 2013
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we know that for almost four years the united states senate has not passed a budget, and that's part of the problem that's been contributing to the out-of-control spending in washington, and what we've said is we will extend the debt ceiling for three months to allow time for the united states senate to write a budget so we can then begin the discussions on how we're going to repay this money that we're going to borrow as well as begin to manage down the debt long term. >> what's the realistic vision in terms of a budget? i mean, this senate will have its budget plan, the house will have its bucket? should the people believe at some point soon we should get a budget for the country. >> i hope that we can. in the house we're committed to producing a budget that will balance in ten years, and this will be a significant shift from the kind of budget that we have produced before. we're dealing with a new baseline after the cliff deal, and i think there's a growing urgency amongst the people in the country to say, you know what? it's time for washington to start living within its means an
we know that for almost four years the united states senate has not passed a budget, and that's part of the problem that's been contributing to the out-of-control spending in washington, and what we've said is we will extend the debt ceiling for three months to allow time for the united states senate to write a budget so we can then begin the discussions on how we're going to repay this money that we're going to borrow as well as begin to manage down the debt long term. >> what's the...